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Property profile & analytics
OFF-MARKET Estimated value $10,395,000
Investment properties

2836 78th SE Ave Mercer Island, WA 98040-2848

41,050 SF 0.41 ac lot Built 2005
Entity Owned 23-yr Hold ~ Est. High Equity
Property ID
US90-1041499
Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2005
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 41,050 SF
Lot 0.41 ac (17,744 SF)
Zoning code TC
APN 531510-1206
UPID US90-1041499
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Avellino Apartments Apartment Building
  • MIVAL Gallery Art Gallery
  • Northpoletoyshop Bakery Specialty Food Shop
  • Resolution Advisors LLC Real Estate Agency
  • Avellino Development Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$10.55M
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.40M
Owner & transaction history
Avellino Development Co LLC · 23 yrs held
Avellino Development Co LLC
since 2002
7 recorded transactions
2020
Price N/A
2011
Price N/A
2002
Price N/A
2002
Price N/A
1997
$538,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
TC · Mercer Island, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

19.04.030 Town Center district - TC. Repealed by Ord. 02C-04. (Ord. 99C-13 § 1). 19.04.040 Parking requirements. A. The following parking requirements apply to all uses in the C-O and B zones and to all nonresidential uses in the PBZ zone. B. General Requirements. 1. Surfacing and Grading. All off-street parking areas shall be graded and surfaced to a standa…

Zone name Town Center
General category UNKNOWN
Zone area 77.74 ac
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